HM Payson & Co. Grows Stock Position in Oshkosh Co. (NYSE:OSK)

HM Payson & Co. grew its position in Oshkosh Co. (NYSE:OSK) by 77.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,640 shares of the company’s stock after acquiring an additional 2,024 shares during the quarter. HM Payson & Co.’s holdings in Oshkosh were worth $465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Galibier Capital Management Ltd. lifted its position in shares of Oshkosh by 23.8% in the third quarter. Galibier Capital Management Ltd. now owns 45,227 shares of the company’s stock valued at $4,532,000 after acquiring an additional 8,700 shares in the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Oshkosh in the third quarter valued at approximately $1,150,000. State of Alaska Department of Revenue increased its holdings in shares of Oshkosh by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 7,605 shares of the company’s stock valued at $762,000 after purchasing an additional 510 shares during the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Oshkosh by 9.1% in the third quarter. GHP Investment Advisors Inc. now owns 31,086 shares of the company’s stock valued at $3,115,000 after purchasing an additional 2,586 shares during the last quarter. Finally, Parcion Private Wealth LLC increased its holdings in shares of Oshkosh by 15.1% in the third quarter. Parcion Private Wealth LLC now owns 39,540 shares of the company’s stock valued at $3,962,000 after purchasing an additional 5,182 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on OSK shares. JPMorgan Chase & Co. increased their price target on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Truist Financial cut their price target on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Jefferies Financial Group cut their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Evercore ISI cut their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Finally, Robert W. Baird cut their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Oshkosh has a consensus rating of “Hold” and an average price target of $123.14.

Oshkosh Trading Up 0.9 %

Shares of NYSE OSK opened at $103.19 on Friday. Oshkosh Co. has a twelve month low of $90.07 and a twelve month high of $127.98. The company has a current ratio of 1.46, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $102.73 and a 200-day simple moving average of $107.70. The stock has a market capitalization of $6.72 billion, a PE ratio of 10.02, a PEG ratio of 1.04 and a beta of 1.19.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. On average, equities analysts forecast that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.78%. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Oshkosh Company Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.